After declining almost 6% to start February, the S&P 500 index has rallied over 7% since February 12 to finish the month nearly flat at -0.2% return. The index remains negative for the year at -5.2%.
Much of the fear and uncertainty that “strong-armed” equities in January has temporarily subsided.
Major oil producers around the globe continue to seek agreements in limiting supply to increase prices
Sentiment & Valuation Metrics Indicate Defensive Posture
After declining almost 6% to start February, the S&P 500 index has rallied over 7% since February 12 to finish the month nearly flat at -0.2% return. The index remains negative for the year at -5.2%.
Much of the fear and uncertainty that “strong-armed” equities in January has temporarily subsided.
Major oil producers around the globe continue to seek agreements in limiting supply to increase prices